REAL ESTATE - VISAKHAPATNAM: TOWARDS A HOPEFUL FUTURE
Article Abstract:
Visakhapatnam in Andhra Pradesh has one of India's major ports, one of the oldest shipyards and the largest integrated steel plants. Corporates from the sectors of fertiliser, industrial materials and POL/LPG storage also have a major presence in the city. This economic profile has defined the development of the real estate market in the city. Private ownership of land in the city is limited as the Visakhapatnam port is the biggest owner of land in the region. A flat on Beach road now costs Rs750-800 per sq foot while the rate is Rs600-700 per sq foot in middle class areas like MVP Colony and Balayya Sastry layout. Builders of apartments are finding it easy to get buyers but the market for commercial properties is facing difficulties due to over supply. Due to a shortage of buyers, commercial property developers are resorting to leasing out their premises. (khr)
Comment:
Visakhapatnam in Andhra Pradesh has one of India's major ports, one of the oldest shipyards and the largest integrated steel plants.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
WISL PLANS TO EXPAND DRY DOCK FACILITIES IN GOA
Article Abstract:
Western India Shipyard Ltd (WISL) has decided to expand its floating dry dock facilities at Goa. It plans to set up a second dry dock apart from completing work on its graving dock, which had been stopped for two years due to lack of finance. Work on the graving dock may start after September 1998 and it may commence operations by March 1999. An investment of Rs7 crore has already been made in the project and another Rs3.5 crore is to be spent on it. The company expects its turnover to increase by about Rs12 crore after the new facility begins operations. WISL posted a turnover of Rs34.5 crore in 1997-98 and has projected sales of Rs45 crore for 1998-99. The Gadgil Western group holds 18.06 percent stake in WISL, the public 48.90 percent and Lisnave (Navelink) of Portugal 11.31 percent. (khr)
Comment:
Decides to expand floating dry dock facilities at Goa, India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
PORT PROJECTS WORTH Rs6,600 CR CLEARED
Article Abstract:
The government has given its clearance to 40 port projects valued at about Rs6,600 crore which are to be developed in the next four years. The private sector is to be given 17 of these project worth Rs4,400 crore on a build, operate and transfer basis. The projects, when completed, will add a combined capacity of over 110 million tonnes. Investments at Cochin and Chennai are projected at Rs800 crore each while Mormugaon and Mumbai are to have a combined investment of over Rs1000 crore. (khr)
Comment:
India: Government gives clearance to 40 port projects valued at about Rs6,600 crore which are to be developed in next 4 years
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: ESSAR SHIPPING IN PACT WITH ESSAR OIL FOR PORT PROJECT. ESSAR SHIPPING CLOCKS Rs10-CR NET
- Abstracts: GOVT PLANS ECB ROUTE FOR PSUs TO RAISE Rs5,482 CR MAHARASHTRA GOVT PLANS TO RAISE Rs2,000 CR THROUGH DEBT MARKET
- Abstracts: AV BIRLA RAISES HOLD ON CEMENT WIMCO BOARDS: BOARDING THE GROWTH ROUTE? ITC TO SEEK FI AID FOR BHADRACHALAM
- Abstracts: SNOWHITE APPARELS: MAY HARBOUR DARK SPOTS SIYARAM PLANS TO SET UP CHAIN OF OXEMBERG RETAIL STORES HIDESIGN (INDIA) TO SET UP SALES OUTLETS ABROAD